Aer Lingus-owner IAG posts €1.14bn quarter 1 loss

Group calls for affordable testing to replace quarantines

IAG said travel corridors between vaccinated countries should be opened. File Picture: Denis Scannell

Aer Lingus-owner IAG reported a €1.14bn loss for the three months to end-March, as the pandemic restricted travel, and forecast only a small rise in capacity to 25% for the April-June quarter.

The group, which also owns British Airways and Iberia, flew just 20% capacity in the three months to the end of March. The reported loss was slightly better than the €1.17bn consensus forecast.